Primer: Overtime Pay Regulation

76 years ago federal wage and hours standards were established during the Great Depression in response to reports of inhumane child labor. Two of the most prominent standards enacted were the federal minimum wage and overtime pay, which lawmakers have periodically expanded each over time. Today policymakers are once again calling for expansions in these requirements. While minimum wage proposals at federal, state, and city levels have received the most attention, President Obama in March directed the Department of Labor (DOL) to expand the number of salaried workers covered by federal overtime standards. With efforts to expand overtime pay underway, it is important to understand how the DOL plans to expand coverage, who will be affected by any rule changes, what potential impact it could have on labor markets, and ultimately how successful it will be as a tool to increase incomes and fight poverty.

New #Eakinomics Video Corrects The Record On Inversions

The facts regarding inversions are the subject of a new #Eakinomics video released today by the American Action Forum (@AAF). AAF President Douglas Holtz-Eakin provides a straightforward rebuttal to recent comments made by critics, including President Obama, claiming that inverted companies unfairly take advantage of the education system and infrastructure without paying taxes. In the video, Holtz-Eakin explains that inversions level the playing field while companies continue to pay taxes after the practice.

What to Expect With a Republican Majority: Health Care in the 114th Congress

With Senate Republicans set to assume their first majority in eight years, the priorities of both chambers of Congress will become more closely aligned. Now, for the first time since the Affordable Care Act (ACA) was signed into law, Republicans will have an opportunity to weigh in on the president’s signature domestic policy achievement legislatively. Every new Congress brings with it high hopes for big accomplishments, but those expecting large scale legislative victories would be wise to lower their sights. In the Senate, Republicans lack a filibuster proof majority and President Obama remains in the Oval Office. Repealing and replacing the ACA, or enacting significant entitlement reforms most likely remain beyond Congress’ reach next year. Instead, Congress can and should focus on achievable health policy goals in 2015. 

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